Markets trade in fine fettle in early deals on Monday

With a gap-up opening, Indian equity benchmarks have extended their previous session's gains and are now trading more than half a percent higher, helping the Sensex and Nifty trade above the psychological levels of 78,600 and 24,550, respectively. Sentiments got boost as the government data has showed that gross goods and services tax (GST) collections jumped 15.4 per cent to Rs 2,11,205 crore in July 2026 as compared to Rs 1,83,065 crore in July 2025. Further support also came in as the Reserve Bank said India’s forex reserves jumped $6.118 billion to $682.354 billion during the week ended July 24. Besides, falling crude oil prices also supported domestic sentiment.

On the global front, Asian markets were trading mostly in red despite positive cues from the US markets on Friday. Back home, all the sectoral indices on the BSE were trading in the green led by FMCG, Industrials, Metal, Basic Materials and Telecom. 

The BSE Sensex is currently trading at 78624.81, up by 530.17 points or 0.68% after trading in a range of 78497.34 and 78895.10. There were 27 stocks advancing against 3 stocks declining on the index.

The top gaining sectoral indices on the BSE were FMCG up by 1.64%, Industrials up by 0.97%, Metal up by 0.97%, Basic Materials up by 0.93% and Telecom up by 0.93%, while there were no losers.  

The top gainers on the Sensex were ITC up by 3.83%, Bajaj Finance up by 2.61%, Interglobe Aviation up by 2.56%, Bajaj Finserv up by 2.43% and Eternal up by 1.21%. On the flip side, Sun Pharmaceutical Industries down by 2.28%, Maruti Suzuki India down by 1.72% and Bharti Airtel down by 0.09% were the few losers.

Meanwhile, the government data has showed that gross goods and services tax (GST) collections jumped 15.4 per cent to Rs 2,11,205 crore in July 2026 as compared to Rs 1,83,065 crore in July 2025 on higher mop-up from domestic transactions and imports. Gross domestic GST revenue stood at Rs 1,44,695 crore, up 10.1% from a year ago. However, gross GST collections from imports surged 28.8% to Rs 66,511 crore.

Of the total gross GST collections, Gross Central GST (CGST) collection from domestic transactions during the reported month stood at Rs 39,835 crore, State GST (SGST) at Rs 47,881 crore and Integrated GST (IGST) at Rs 56,979 crore. On the other hand, IGST collection from import rose to Rs 66,511 crore in July 2026 from Rs 51,626 crore in the corresponding month of last year.

GST refunds grew 13.1 per cent to Rs 29,968 crore in July 2026 from Rs 26,495 crore in July 2025. After adjusting refunds, net GST revenues in July 2026 rose 15.8 per cent to Rs 1,81,237 crore from Rs 1,56,570 crore in July 2025. Meanwhile, net customs revenue rose 30.3% to Rs 54,223 crore in the reporting month over Rs 41,612 crore in the same month a year ago.

The CNX Nifty is currently trading at 24558.05, up by 174.45 points or 0.72% after trading in a range of 24515.15 and 24576.45. There were 42 stocks advancing against 8 stocks declining on the index.

The top gainers on Nifty were ITC up by 3.72%, Interglobe Aviation up by 2.49%, Tata Motors Passenger Vehicles up by 2.44%, Shriram Finance up by 2.40% and Bajaj Finserv up by 2.30%. On the flip side, Sun Pharmaceutical Industries down by 2.26%, Maruti Suzuki India down by 1.69%, Cipla down by 0.60%, Bharti Airtel down by 0.38% and ONGC down by 0.36% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 781.02 points or 1.23% to 63,581.00, Jakarta Composite plunged 14 points or 0.23% to 6,222.13, Shanghai Composite weakened 22.61 points or 0.59% to 3,809.65, KOSPI dropped 328.54 points or 5.24% to 6,266.91 and Straits Times fell 16.65 points or 0.3% to 5,611.85, however, Taiwan Weighted added 377.5 points or 0.87% to 43,497.25 and Hang Seng advanced 34.57 points or 0.13% to 25,919.00.